Michael Hegarty - Mfs Intermediate Independent Trustee

CIF Fund  USD 1.73  0.02  1.17%   
Michael Hegarty is Fund Manager at Mfs Intermediate High
Mr. Michael J. Hegarty serves as Independent Trustee of MFS Intermediate High Income Fund since 2004. Mr. Hegarty has substantial senior executive and board experience at firms within the financial services industry, as well as board experience at publiclytraded and privately held companies. He served as the Vice Chairman and Chief Operating Officer of AXA Financial and as the President and Chief Operating Officer of The Equitable Life Assurance Society
Age 74
Tenure 20 years
Phone617 954 5000
Webhttps://www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/CIF-mfs-intermediate-high-income-fund.html#tab-overview
Hegarty also served as Vice Chairman of Chase Manhattan Corporationration and Chemical Bank. He is a former director of AllianceBernstein, which serves as the general partner of a publiclytraded investment adviser, and a former trustee of investment companies in the EQ Advisers Trust family of funds.

Michael Hegarty Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Hegarty against Mfs Intermediate fund is an integral part of due diligence when investing in Mfs Intermediate. Michael Hegarty insider activity provides valuable insight into whether Mfs Intermediate is net buyers or sellers over its current business cycle. Note, Mfs Intermediate insiders must abide by specific rules, including filing SEC forms every time they buy or sell Mfs Intermediate'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
 
Michael Hegarty over six months ago
Insider Trading

Mfs Intermediate Management Performance (%)

The company has Return on Asset of 2.54 % which means that on every $100 spent on assets, it made $2.54 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (8.79) %, meaning that it generated no profit with money invested by stockholders. Mfs Intermediate's management efficiency ratios could be used to measure how well Mfs Intermediate manages its routine affairs as well as how well it operates its assets and liabilities.
Mfs Intermediate High has 17.5 M in debt with debt to equity (D/E) ratio of 0.45, which is OK given its current industry classification. Mfs Intermediate High has a current ratio of 0.06, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Mfs Intermediate until it has trouble settling it off, either with new capital or with free cash flow. So, Mfs Intermediate's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mfs Intermediate High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mfs to invest in growth at high rates of return. When we think about Mfs Intermediate's use of debt, we should always consider it together with cash and equity.

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MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. MFS Intermediate High Income Fund was founded in July 21, 1988 and is domiciled in United States. Colonial Intermediate is traded on New York Stock Exchange in the United States. The fund is not filed under any group at the present time.

Management Performance

Mfs Intermediate High Leadership Team

Elected by the shareholders, the Mfs Intermediate's board of directors comprises two types of representatives: Mfs Intermediate inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mfs. The board's role is to monitor Mfs Intermediate's management team and ensure that shareholders' interests are well served. Mfs Intermediate's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mfs Intermediate's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Kilman, Independent Trustee
Amanda Mooradian, Assistant Secretary, Assistant Clerk
Susan Pereira, Assistant Secretary, Assistant Clerk
Laurie Thomsen, Independent Trustee
John Kavanaugh, Independent Chairman of the Board of Trustees
Robert Manning, Trustee
Maryanne Roepke, Independent Director
Clarence Otis, Independent Trustee
Christopher Bohane, Assistant Secretary, Assistant Clerk
Matthew Stowe, Assistant Secretary, Assistant Clerk
Peter Jones, Independent Trustee
James Yost, Deputy Treasurer
Steven Buller, Independent Director
Michael Hegarty, Independent Trustee
Thomas Connors, Assistant Secretary and Assistant Clerk
David DiLorenzo, Treasurer
Brian Langenfeld, Assistant Secretary, Assistant Clerk
Maureen Goldfarb, Independent Trustee
Michael Roberge, Trustee
Heidi Hardin, Secretary, Clerk
Kasey Phillips, Assistant Treasurer
Robin Stelmach, President, Trustee
John Clark, Assistant Treasurer
Kino Clark, Assistant Treasurer
Martin Wolin, Chief Compliance Officer
John Caroselli, Independent Trustee

Mfs Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Mfs Intermediate a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Mfs Fund

Mfs Intermediate financial ratios help investors to determine whether Mfs Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mfs with respect to the benefits of owning Mfs Intermediate security.
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